A tenancy agreement is a lease agreement, usually in writing, between the owner of a property and a tenant who wishes to temporarily hold the property; it is different from a lease that applies rather for a fixed term.  The agreement refers to the parties, the property, the duration of the tenancy and the amount of the rent for the minimum term. The owner of the property may be designated as the owner and the tenant as the tenant. If you have tenants who have just arrived at your rent, be sure to allow them to document the existing condition of the property before they officially move in. In this way, the tenant can see damage from the start; this reduces the likelihood of confusion or disagreement between the landlord and the tenant during the extract. Sometimes the risk of ownership of the property is reduced by the fact that it is a special model or that there are signs that cannot be easily removed, so it is obvious that it is in the possession of the owner; it is particularly effective for goods used in public places, but even if they are used at home, it can help because of social control. As an owner, you are often expected to know everything, whether you are a full-time homeowner or renting an individual property as a form of additional income. In any case, for many, there is often a point of confusion: what is the difference between a lease and a lease? A tenancy agreement is a document that acts as a contract between you and your tenant and defines the terms of the tenancy agreement. You can have it written in a way that is favorable to you, because you can decide what goes into the agreement. Leases are leases that clearly and in depth define the expectations between the landlord and the tenant, including rent, pet rules and the duration of the contract.
A strong, well-thought-out and well-written lease can help protect the interests of both parties, since neither party can amend the agreement without the written agreement of the other. After signing a rental agreement, the rental costs are set in stone until the end of the contract. In an emerging area where real estate values continue to grow, 12 months of fixed rents could cause you to miss a significant increase in market income.